Friends of the Earth: World heading towards an oil crunch on par with financial crisis
Friends of the Earth: World heading towards an oil crunch on par with financial crisis:
“World heading towards an oil crunch on par with financial crisis
Commenting on today’s warning by the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES) that the world could be heading towards an ‘oil crunch’ that will match the financial crisis within five years, Friends of the Earth’s Executive director Andy Atkins said:
‘Ministers must take this warning seriously and wean the UK off its addiction to oil – because ordinary people will experience the withdrawal symptoms when the wells run dry.
‘It’s been clear for some time that urgent action is needed to slash energy waste and develop green sources of energy – this will cut carbon emissions, increase energy security and create new green jobs and industries.
‘The Government has been dithering for too long. We need bold political action to rapidly build a safe, clean and prosperous future for us all.’”
June 12th, 2010 at 9:50 pm
I believe that peak oil is accurate and that we are now past the point of peak oil. I think many of the current events have to do with this senerio and it won’t be long before the main stream media and population wake up and understand what is going on. For me and my family, we are preparing for the life after the crash.